Mt. Gox Bitcoin Sells History And Case Analytics

Mt. Gox Bitcoin Sells History And Case Analytics

Since the bitcoin hits the highest of $19,800 in the December 2017, there is a lot of controversy going since. Bitcoin was observed to pulls down to $6000 in the mid of February.

Observing the total market cap for the cryptocurrency was on the $830B market value and was pulls back to $300B only with more than 60% dropped.

source:coinmarketcap showing total cryptocurrency market cap soaring since december

The main causes of the bitcoin price crash:

Gox selling

Roger selling

China kicking out miners

ICOs Frauds

Korea bans foreign traders

Coincheck scrounging up $500m

Year-end tax, marks, rebalancing, correction

The Mt. Gox Case

During past few weeks and months, Bitcoin and cryptocurrency shown drop in the market cap including price itself. There are many reasons for this outcome one of them including sells of Mt. Gox report from these couple of months.

Since last December, in which Bitcoin price surge around $19,800 and around in February the price soars to $6,000.